8/23/2021 Tip: Introductions

Today’s Quote

“Entrepreneurship is neither a science nor an art. It is a practice.”
~ Peter Drucker


Today’s Tip

Do you have a great business or business idea?

That, with an infusion of millions of dollars could become a huge success story?

If so, you should be talking with venture capitalists or VCs. As you probably know, VCs are the folks with the big checkbooks. Who have funded numerous successful companies like Google, Yahoo, Ebay, Twitter, Federal Express, and more.

So, how can you meet a venture capitalist?

Well, the best way to meet a VC is to be introduced to them. Perhaps you have a consultant that knows a VC. Or a lawyer that knows a VC. Or a Board Member that knows one. Look at your network and figure out if anyone can make the introductions you need.

But, even if you are extremely well connected, it’s virtually impossible to have a connection to every VC you want to meet.

That’s why over the next few days, I’ll tell you about other ways to meet VCs.


Today’s Resource

Forget Old School!

The “old-school” way of raising venture capital is DEAD! 

And that’s why I created this page for you… to show you how to do it right.

See the right way to raise venture capital <– 

There’s a common mistake almost every entrepreneur makes… and if you approach venture capitalists like most entrepreneurs, you’ll NEVER get funded. 

Here’s how to do it right <—



Today’s Question: What generic name for any project for radical innovation was first used at Lockheed Martin and can be traced to the comic strip Li’l Abner, in which it is the job that no one wants?

Previous Question: Created by and named for a Canadian Nobel laureate, what is the type of sealed-bid auction where bidders submit secret written bids and in which the highest bidder wins, but the price paid is the second-highest bid?

Previous Answer: A Vickrey auction

It gives bidders an incentive to bid their true value but they are not particularly common in practice. One market in which they have been used is stamp collecting. 

eBay’s system of proxy bidding is similar, but not identical, to a Vickrey auction. A slight generalized variant of a Vickrey auction, named generalized second-price auction, which is different from the VCG mechanism, is known to be used in Google and Yahoo!’s online advertisement programs.


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